Taxation Advice & Planning
What Legal Expenses Can I Claim As Tax Deductions?
Producing assessable income … When a legal expense is incurred in relation to the operation of a business to produce assessable income, it is generally allowable as a deduction. Exceptions are when the legal fee is capital, domestic or private in nature, if it is specifically excluded by another section of income tax legislation, or […]
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5 Smart Things To Do With Your Tax Refund
Put your tax refund to good use Many people treat their tax refund like a mini lottery win. This tax time, consider putting your “gift” from the ATO to good use. Perhaps it’s the modern world we find ourselves in that leads taxpayers to look at their tax refund like it’s a fortuitous windfall gain. […]
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Employing Mature Age Workers – Restart Program
What is the restart program? The Restart program is a wage subsidy paid to employers to assist mature age people participate in the workplace. The subsidy encourages employers to take on workers 50 years of age or older. The full rate of the Restart Program subsidy is $10,000 (GST-inclusive), paid to the employer. Restart program […]
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Rental Property Owners – ATO Is Watching You!
Get your claims right… The Australian Tax Office is strongly recommending that rental property owners closely examine the information on its website to make sure they are really clear about their obligations to get their tax claims right in 2016. Assistant Commissioner Graham Whyte said the ATO would be paying close attention to excessive interest […]
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Last Minute Tax Planning Tactics
Better late than never! As the end of the financial year draws near it’s time to think about what strategies you can adopt to avoid paying more tax than is necessary for the 2015-16 year. This is simply a list of possibilities to direct your thinking and not all of these tips will be suitable […]
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Top 7 Tax Tips For Investors
How prepared are you for tax time? 30th June, the end of the financial year is drawing close and to help you prepare here are our top 7 tips for your 2015-16 tax return. Please note that this list is not exhaustive, and we will need to review the items in light of your personal […]
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